{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{8}{c}}
\toprule
                &\multicolumn{1}{c}{\shortstack{Wealth\\recovery\\duration}}&\multicolumn{1}{c}{\shortstack{Household\\ financial \\ prospects}}&\multicolumn{1}{c}{\shortstack{Plan incr. \\ stock \\ share}}&\multicolumn{1}{c}{\shortstack{Plan decr. \\ stock \\ share}}&\multicolumn{1}{c}{\shortstack{Exp.\\spend.\\growth}}&\multicolumn{1}{c}{\shortstack{Incr.\\ exp.\\ debt}}&\multicolumn{1}{c}{\shortstack{Incr. exp. \\ desired \\ hours}}&\multicolumn{1}{c}{\shortstack{Incr. exp.\\ retirement \\ age}}\\\cmidrule(lr){2-2}\cmidrule(lr){3-3}\cmidrule(lr){4-4}\cmidrule(lr){5-5}\cmidrule(lr){6-6}\cmidrule(lr){7-7}\cmidrule(lr){8-8}\cmidrule(lr){9-9}
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}&\multicolumn{1}{c}{(6)}&\multicolumn{1}{c}{(7)}&\multicolumn{1}{c}{(8)}\\
\midrule
{\bf Panel A: $\text{Age}\le\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.244\sym{***}&-0.047\sym{***}&-0.809\sym{*}&    0.396&   -0.317&   -0.145&2.085\sym{***}&1.922\sym{***}\\
                &  (0.078)&  (0.012)&  (0.420)&  (0.415)&  (0.272)&  (0.490)&  (0.525)&  (0.535)\\
{\bf Panel B: $\text{Age}>\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.995\sym{***}&-0.128\sym{***}&   -0.190&0.750\sym{**}&-0.730\sym{***}&1.236\sym{**}&2.179\sym{**}&2.136\sym{**}\\
                &  (0.082)&  (0.011)&  (0.356)&  (0.375)&  (0.222)&  (0.496)&  (0.854)&  (0.909)\\
                &         &         &         &         &         &         &         &         \\
p-value (A=B)   &     0.00&     0.00&     0.26&     0.53&     0.24&     0.05&     0.93&     0.84\\
\hline {\bf Panel C: $\text{Net income}\le\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.529\sym{***}&-0.085\sym{***}&-0.739\sym{*}&    0.506&   -0.348&1.234\sym{**}&2.063\sym{***}&1.407\sym{*}\\
                &  (0.099)&  (0.012)&  (0.402)&  (0.440)&  (0.292)&  (0.534)&  (0.744)&  (0.790)\\
{\bf Panel D: $\text{Net income}>\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.698\sym{***}&-0.090\sym{***}&   -0.554&    0.580&-0.762\sym{***}&    0.158&2.184\sym{***}&2.853\sym{***}\\
                &  (0.070)&  (0.012)&  (0.398)&  (0.356)&  (0.226)&  (0.431)&  (0.556)&  (0.570)\\
                &         &         &         &         &         &         &         &         \\
p-value (C=D)   &     0.16&     0.72&     0.74&     0.90&     0.26&     0.12&     0.90&     0.14\\
\hline {\bf Panel E: $\text{Net wealth} \le\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.739\sym{***}&-0.102\sym{***}&   -0.540&0.669\sym{**}&-0.649\sym{***}&0.695\sym{*}&2.421\sym{***}&2.661\sym{***}\\
                &  (0.066)&  (0.010)&  (0.336)&  (0.312)&  (0.204)&  (0.385)&  (0.553)&  (0.573)\\
{\bf Panel F: $\text{Net wealth}>\text{median}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.348\sym{***}&-0.057\sym{***}&   -0.709&    0.168&   -0.332&    0.253&    1.289&    1.107\\
                &  (0.116)&  (0.015)&  (0.506)&  (0.552)&  (0.343)&  (0.657)&  (0.791)&  (0.788)\\
                &         &         &         &         &         &         &         &         \\
p-value (E=F)   &     0.00&     0.02&     0.78&     0.43&     0.43&     0.56&     0.24&     0.11\\
\hline {\bf Panel G: $\text{Female}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.488\sym{***}&-0.078\sym{***}&-0.750\sym{**}&    0.570&-0.586\sym{**}&    0.339&2.755\sym{***}&1.871\sym{***}\\
                &  (0.082)&  (0.011)&  (0.355)&  (0.380)&  (0.230)&  (0.477)&  (0.689)&  (0.682)\\
{\bf Panel H: $\text{Male}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.710\sym{***}&-0.102\sym{***}&   -0.409&    0.516&-0.575\sym{**}&    0.669&1.508\sym{**}&2.211\sym{***}\\
                &  (0.084)&  (0.013)&  (0.456)&  (0.420)&  (0.277)&  (0.482)&  (0.595)&  (0.631)\\
                &         &         &         &         &         &         &         &         \\
p-value (G=H)   &     0.06&     0.16&     0.55&     0.92&     0.98&     0.63&     0.17&     0.71\\
\hline {\bf Panel I: $\text{Below Bachelor}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.507\sym{***}&-0.083\sym{***}&   -0.596&0.673\sym{*}&   -0.359&0.986\sym{**}&2.030\sym{***}&2.093\sym{***}\\
                &  (0.085)&  (0.011)&  (0.364)&  (0.364)&  (0.241)&  (0.461)&  (0.589)&  (0.620)\\
{\bf Panel J: $\text{At least Bachelor}$}&         &         &         &         &         &         &         &         \\
Expected stock recovery duration (years)&0.714\sym{***}&-0.092\sym{***}&   -0.694&    0.497&-0.730\sym{***}&   -0.034&2.277\sym{***}&2.082\sym{***}\\
                &  (0.078)&  (0.013)&  (0.436)&  (0.409)&  (0.256)&  (0.496)&  (0.683)&  (0.679)\\
                &         &         &         &         &         &         &         &         \\
p-value (I=J)   &     0.07&     0.61&     0.86&     0.75&     0.29&     0.13&     0.78&     0.99\\
                &         &         &         &         &         &         &         &         \\
\hline Individual controls&      Yes&      Yes&      Yes&      Yes&      Yes&      Yes&      Yes&      Yes\\
\bottomrule
\end{tabular}
}
